SapunovDmitry
Well-known member
Yeah. I think it is possible to refine for 99,5% but only if you buy refined gold from tho owner.
There is a trick in Russia. If you buy gold from the bank you pay 18% tax. If you refine gold you pay NOT FOR GOLD but for GOLD IN GOLD BEARING SCRAP and this is a different story and you get it without paying this tax. And if you make rings or spoons or whatever from that gold you have most of your profit on jewelery operation.
I don't know but i think in US the situation is kind of the same, because of those people who buy gold from ebay over the spot.
There is a trick in Russia. If you buy gold from the bank you pay 18% tax. If you refine gold you pay NOT FOR GOLD but for GOLD IN GOLD BEARING SCRAP and this is a different story and you get it without paying this tax. And if you make rings or spoons or whatever from that gold you have most of your profit on jewelery operation.
I don't know but i think in US the situation is kind of the same, because of those people who buy gold from ebay over the spot.